Lovesac: Q1 Earnings Insights

Shares of Lovesac LOVE moved higher by 3.8% in pre-market trading after the company reported Q1 results.

Quarterly Results

Earnings per share were up 13.43% over the past year to ($0.58), which beat the estimate of ($0.67).

Revenue of $54,372,000 rose by 32.75% year over year, which beat the estimate of $47,200,000.

Guidance

Lovesac hasn't issued any earnings guidance for the time being.

Revenue guidance hasn't been issued by the company for now.

Details Of The Call

Date: Jun 09, 2020

Time: 08:30 AM

ET Webcast URL: https://edge.media-server.com/mmc/p/3ft9vo4y

Recent Stock Performance

52-week high: $40.50

52-week low: $4.00

Price action over last quarter: Up 101.97%

Company Profile

The Lovesac Co designs, manufactures and sells alternative furniture which is comprised of modular couches called sactionals and premium foam beanbag chairs called sacs. It also offers other accessories such as blankets, footsacs, and throw pillows. Its products are sold across the United States through its website or company-owned retail stores which are used in homes and offices. Most of the firm's revenue gets derives from the sale of Sactionals.